Commodity Blog |
| Wheat Rises After Drop, Just a Bounce on Bear Market? Posted: 10 Apr 2013 08:09 PM PDT Wheat rose a little today after yesterday’s decline. The drop was caused by forecasts of growing world stockpiles. The US Department of Agriculture predicted that global wheat inventories will total 182.26 million metric tons (before the harvest in Northern Hemisphere). The prediction beat the previous estimate of 178.23 million. It was not the first time when USDA report hurt wheat. The report released at the end of March also led to a drop [...] |
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